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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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88835 /88845 Old Hwy , Tavernier, FL 33070
$40,000,000
Est. Payment: $201,883.11/mo
8 Bed
9.5 Bath
9704 Sqft
Status: active | Days on site: 7
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

A rare dual-parcel offering on prestigious Millionaire’s Row in Tavernier, 88835 and 88845 Old Highway present an extraordinary opportunity to own one of the Upper Keys’ most expansive and versatile oceanfront compounds. Spanning multiple acres with 480 feet of waterfrontage, the property combines exceptional privacy, premier boating access, and remarkable future development potential. At 88845 Old Highway, a newly constructed 8,200 SF modern estate showcases 5 bedrooms, 6 full baths, 2 half baths, designer finishes, smart-home technology, a resort-style 120-foot pool, and a protected basin with dockage, boat lift, and deep-water access. Complementing the main estate, the adjacent parcel at 88835 Old Highway encompasses over 3 additional acres and introduces a rare layer of flexibility and long-term value. The property includes a renovated 3-bedroom residence completed in 2022, a transferable TDR allowing for the future construction of a substantially larger primary residence, an additional buildable lot, and a lush natural hammock buffer that enhances privacy and exclusivity. Together, this exceptional compound delivers an unmatched blend of luxury living, investment potential, and future flexibility in one of the Florida Keys’ most coveted waterfront settings.

Highlights

Listed by Angel Nicolas , 305-409-9093 Serhant , 3054099093. REALTOR Association of Greater Miami and the Beach

Property Type

Residential

Lot/Acreage
7.16

Year Built

2025

County

Monroe

Area

98 Florida Keys

Neighborhood

Pearl City

Listing ID

A12015811

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:9.5
  • Full Bathrooms:8
  • 1/2 Bathrooms:3
Appliances:Dryer, Dishwasher, Electric Range, Disposal, Microwave, Washer
Air Cond:Central Air
Fireplaces:
Floor:Hardwood,Wood
Other:Built-in Features,Bedroom on Main Level,Breakfast Area,Closet Cabinetry,Dining Area,Separate/Formal Dining Room,Second Floor Entry,Entrance Foyer,First Floor Entry,Living/Dining Room,Main Level Primary,Upper Level Primary,Walk-In Closet(s),Elevator,Workshop,Pets Allowed
Other:Public

Exterior Features

Lot:5-10 Acres
Zoning:SS
Roof:Metal,Other
Others:Balcony,Outdoor Grill,Porch,Patio,Security/High Impact Doors
Sewer:Public Sewer
Parking Features:Attached,Circular Driveway,Covered,Driveway,Garage,Paver Block
Principal Interest
$201,883
Taxes
$6,776

Home Price

$40,000,000

Loan Details

30 yrs
6.482%

Down Payment

20%
$8,000,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$201,883.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $201,883.11 $6,775.92 $0.00 $208,659.03
Yearly $2,422,597.31 $81,311.00 $0.00 $2,503,908.31
Total $72,677,919.42 $2,439,330.00 $0.00 $75,117,249.42

Today's Rates

30 Year

6.48%

20 Year

6.26%

15 Year

5.94%

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Market insight data is pulled from the same city as the listing being viewed (Tavernier, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-02T02:00:00.000Z

© 2026 REALTOR Association of Greater Miami and the Beach